5 Best Altcoins to Invest in Now March 3 – WOO, OKB, Filecoin

High market greed and an overall positive outlook set the tone for an altseason. This synergy particularly increases the attractiveness of altcoins, leading analysts to predict a bullish trend driven by these positive developments. In line with this, prices and market sentiment are expected to rise.

Given this scenario, altcoins emerge as an attractive option for traders aiming to rejuvenate their portfolios, offering opportunities for diversification. This article gathers a curated list of outstanding altcoins to consider for potential investment in the current market environment.

5 Best Altcoins to Invest in Right Now

As Dogecoin approaching the $1 mark, other altcoins such as WOO, OKB and Bitcoin Minetrix are making their mark as promising investment opportunities. These coins have shown strong performance, indicating significant potential for future market growth. Investors take note of their robust performance and consider them viable options for their portfolios.

1. Filecoin (FIL)

Filecoin recently posted gains, shifting attention to its newfound momentum. On a month-to-date note, FIL rose from $5.01 to $8.14. Similarly, the market capitalization rose from $2.51 billion to $4.20 billion, with market analysts attributing this surge to various factors. These factors include positive sentiment among investors and increased liquidity based on its market capitalization.

Moreover, FIL’s current sentiment remains bullish, as the high greed among investors has pushed the fear/greed index to 83. In addition, FIL has consistently performed well, trading above its 200-day simple moving average and surpassing its ticker sale price.

In the last 24 hours alone, Filecoin’s price has risen by 20.44%, trading close to its cycle high. This uptrend is further supported by 23/30 days of green candles, which make up 77% of the period.

Furthermore, technical indicators indicate a strong buying sentiment, with 24 indicators showing buy signals. Notably, Filecoin is trading above its 50 and 100-day exponential moving averages (EMAs), reinforcing the bullish outlook.

✨ Today @ipcdevs & @fluence_project are excited to announce the upcoming IPC-powered Fluence Network launch of its decentralized serverless computing platform, enabling cheaper, provable and truly decentralized computing for web3 developers. https://t.co/LSbrYppE02

— Filecoin (@Filecoin) February 27, 2024

With the positive statistics crossing the overall rally market, analysts predict a continued upward trajectory for Filecoin. Therefore, FIL is predicted to rise to $10.62 within the second quarter of 2024. As one of the top 50 crypto projects by market capitalization, Filecoin’s established presence in the market and its unique roadmap and community support position it as a promising long-term investment.

Moreover, recent developments, including new listings on popular exchanges and increased investor interest, position FIL to maintain this momentum. This places Filecoin as a project worth monitoring closely, especially with the altseason around the corner.

2. Arweave (AR)

The Arweave ecosystem has launched version 2.7.2, marking an important milestone in its journey. This latest update introduces coordinated mining capabilities, allowing nodes to work together to mine the dataset. Additionally, it brings native pool support and protocol adaptations. These improvements aim to improve the overall efficiency and performance of the network.

Meanwhile, the AO_ecosystem, launched earlier today, propelled Arweave to achieve an all-time high of over 600 transactions per second, showcasing its scalability and throughput. Driven by the launch of its new blockchain, AR has experienced a remarkable upward trend.

Impressively, it has registered an astounding 99.16% rise in the past week. The coin’s value soared from $16.0476 to $32.06, doubling its price. It saw an increase of 12.94% in the last intraday trading session, moving closer to its cycle high of $33.12.

With bullish sentiment surrounding Arweave price forecasts and a Fear & Greed index indicating extreme greed at 83, investors are eyeing potential gains. Over the past year, AR has shown impressive performance, outperforming 79% of the top 100 crypto assets, including Bitcoin and Ethereum.

Trading significantly above its 200-day Simple Moving Average (SMA), which stands at $6.37, Arweave has shown positive performance compared to its token sale price. With 17 green days out of the last 30, indicating a positive trend of 57%, and high liquidity based on its market capitalization, Arweave remains an attractive option for investors.

Just the random post that the month of February has the highest number of transactions on Arweave ever.

The chart below shows over 5 and a half years of data.

The @AO_ecosystem just started yesterday and peaked at over 600 txs per second. NFA. pic.twitter.com/RAv2T4skdd

— Only Arweave (@onlyarweave) February 28, 2024

In the current bullish market, Arweave aims to repeat its previous bullish run and possibly surpass its all-time high even beyond $100. Currently trading above $30, the momentum is strong enough to target the next milestone of $40. However, a breakout beyond this level could pave the way for a push to $50.

Despite potential resistance at $40, overall sentiment remains favorable for further upside. Technically, Arweave looks bullish, supported by a significant increase in trading volume over the past 24 hours. On this note, AR seems to be a coin with the potential for significant gains.

3. WOE (WOE)

With the Altcoins preparing for liftoff, attention around WOO is growing. WOO grew by 18.58% and traded at $0.631051. On a YTD, WOO has posted impressive numbers, outperforming 77% of the top 100 coins, including Bitcoin and Ethereum.

Sentiment around WOO remains bullish, with the Fear & Greed index indicating extreme greed at 83. Additionally, the coin has enjoyed 18 green days in the past 30, accounting for 60% of its recent trading days. Trading comfortably above its 200-day simple moving average, WOO is showing positive performance compared to its token sale price. In addition, it maintains high liquidity based on its market capitalization.

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— WOO X (@_WOO_X) February 23, 2024

WOO’s positive market statistics and upcoming bull run position it for further growth. In line with this, analysts’ further cooperation could push WOO’s price above the $1,020 mark by 2024. In line with the current bullish trend in the crypto market, experts expect WOO’s average price to settle at $0.924.

4. United Nations (UN)

OKB is also basking in the overall market rally heat, rising 7.54% to $58.53 in the past 24 hours. At the same time, the market capitalization pushed up 55%, totaling $3,524,707,127. Trading volume also saw a significant increase, increasing by 119.62% to $38,024,851.

Furthermore, OKB is bullish, with training activities pushing the Greed score up to 83. The price has seen a 19% increase over the past year, indicating modest upward movement. Moreover, it has been consistently trading above the 200-day SMA, indicating an uptrend. Moreover, out of the last 30 days, OKB has seen green days for 60% of the time.

Did you catch @OKX_Ventures Partner @JeffRenOKX during #ETHDenver2024?

He spoke on several panels and kicked off an incredible night at OKX Web3 Night. 🪩✨

Be sure to tag us in your photos from the event 🤳 pic.twitter.com/HVWspqUG3R

— OKX (@okx) March 2, 2024

Likewise, the annual inflation rate is negative -76.16%, indicating a deflationary trend that could push OKB’s price north. With its strong fundamentals and strong community support, OKB is poised for potential growth in the future.

As a result, cooperation with other networks can further strengthen its position. This could push the price of OKB past $136.48 by 2024. In a bullish market scenario, the average price will hover around $123.57 by the same year.

5. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix makes headlines with its innovative solution to common industry challenges. One of the key issues it addresses is the prevalence of scams and the hassle of constantly upgrading hardware. By introducing a tokenized cloud mining platform, Bitcoin Minetrix offers a secure and transparent alternative for individuals interested in Bitcoin mining.

Furthermore, by providing a more secure environment free from fraudulent activities and the need for constant hardware upgrades, Bitcoin Minetrix aims to transform the cloud mining sector. With its transparent approach and promising returns, the project is poised for growth in the ever-expanding world of cryptocurrency mining.

Only 3 days left until phase 29 of #BitcoinMinetrix comes to an end! ⏳

Can you explain the role of the Merkle tree in #Bitcoin mining? pic.twitter.com/ptw1UJUL1U

— Bitcoinminetrix (@bitcoinminetrix) March 3, 2024

Meanwhile, the project has attracted the attention of investors, raising a total of $11,693,869 in its presale. With a token value of $0.0138 and 710,470,201 BTCMTX already in play, investors can earn an attractive annual percentage return (APY) of 59%. As phase 29 expires in 3 days, investors are encouraged to consider the potential benefits of this sign before the next price increase in 2 days.

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